Funding you earn now, next payment 08:00 UTC+0.0125%/8h= +13.7% APRnext payment +$0.16 per $10,000 · paid last 24h +0.031%
Price spread now: Nado against Coinbase International−0.006%7-day average +0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$240.240% of the position
Funding, last 4 days (all we have)−0.053%−$5 on $10k
+Price spread, last 4 days (all we have)−0.171%−$17 · spread now −0.006%, 7d avg +0.036%
=Together, before fees−0.223%+ Points / potential airdropNado: Active · farm board−$22 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.043% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.006% now, against its 7-day average of +0.036%). If the spread goes back, that is −$4 on $10k: about 27 hours of funding at the current rate (+$4 a day). Mind the row above: over the last 4 days funding on this pair cost −0.053%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International QQQ-PERP-INTX | 740.21 | 0.0024 | pay 0.0003% / 1h | 43m 19s | $1.2M | $491K | 20x |
| Short | Nado QQQ-PERP | 740.16 | 0.0149 | get 0.0019% / 1h | 43m 19s | $1.6M | $742K | 20x |
Coinbase International QQQ-PERP-INTX
Nado QQQ-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Coinbase International. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $26.23
- Price spread: −0.006% → +0.036%
- −$4.26
- Slippage, 4 orders
- −$7.03
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$2.06
- Costs to cover
- 0.240%
- Break-even
- 7.6 days
Slippage from Coinbase International: live order book, 5 min ago; Nado: live order book, 5 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Coinbase International live order book, 5 min ago | 0.07 bp | 8.0 bp −$8 | 9.3 bp −$93 | 40.8 bp −$4,084 | doesn't fit |
| Sell Nado live order book, 5 min ago | 0.20 bp | 4.5 bp −$4 | 7.6 bp −$76 | 85.2 bp −$8,521 | doesn't fit |
QQQ on 28 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GMX QQQ/USD [ETH-USDC] | L −0.0182% / S +0.0269% | 1h | 740.72 | +0.068% | $25K | — | 26x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 740.67 | +0.061% | $823K | $865K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 740.76 | +0.074% | $10.7M | $4.9M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 740.46 | +0.034% | $21.6M | $28.2M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 740.47 | +0.035% | $5.4M | $5.7M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 740.28 | +0.009% | $3.4M | $20.6M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 740.72 | +0.069% | $16.5M | $5.2M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 740.75 | +0.073% | $16.8M | $7.2M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 741.11 | +0.122% | $2K | $1.7M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 740.77 | +0.076% | $250K | $41K | 30x | as long as short |
GMX QQQ/USD [ETH-USDC]
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
Variational Omni QQQ
SunX QQQ-USDT
HTX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex QQQUSDT | 0.0000% | 8h | 740.84 | +0.085% | $362K | $1.6M | 10x | as long as short |
| BloFin QQQ-USDT | +0.0005% | 8h | 740.57 | +0.049% | $1.1M | $274K | 20x | as long as short |
| Coinbase International QQQ-PERP-INTXlong | +0.0024% | 1h | 740.21 | long leg | $1.2M | $491K | 20x | |
| Binance QQQUSDT | +0.0030% | 8h | 740.66 | +0.061% | $70.1M | $139.7M | 25x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 740.38 | +0.023% | $7.7M | $15.1M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 740.71 | +0.068% | $37.5M | $79.2M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 739.80 | −0.055% | $646K | $1.7M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 741.55 | +0.181% | — | $337K | 50x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0050% | 1h | 739.76 | −0.061% | $4.2M | $1.8M | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 740.27 | +0.008% | $3.4M | $374K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 740.49 | +0.038% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 740.43 | +0.030% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 739.88 | −0.044% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERPshort | +0.0149% | 1h | 740.16 | −0.006% | $1.6M | $742K | 20x | |
| Deribit QQQ_USDC-PERPETUAL | +0.0169% | 1h | 740.39 | +0.024% | $423K | $157K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0191% | 8h | 741.11 | +0.122% | $326K | $2.0M | 10x | as long as short |
| Phoenix QQQ | +0.0248% | 1h | 740.42 | +0.028% | $38K | $65K | 20x | as long as short |
| edgeX QQQUSDC | +0.0762% | 4h | 740.81 | +0.081% | $757K | $337K | 20x | as long as short |
Phemex QQQUSDT
BloFin QQQ-USDT
Binance QQQUSDT
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Ondo Perps QQQ-USD.P
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
GRVT QQQ_USDT_Perp
Phoenix QQQ
edgeX QQQUSDC